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this indefinitely. but i want to move on and get to another seemingly intractable debate and that's the fiscal cliff. congress has left town and there's no deal here. senator schumer, the president is now proposing a smaller deal. are we going to avoid the fiscal cliff by the first of the year or not? >> i hope so. if you look at the final positions last monday of both the president and speaker boehner, they were this close, they were this close to a solution. the president was about $200 billion higher on revenues, speaker boehner $200 billion higher on spending cuts. out of a $4 trillion budget, that doesn't seem insurmountable. so i hope they would keep talking. my one bit of advice to speaker boehner is this -- you cannot pass a bill with just republicans. on a broad thing like this, you need both and he has put himself with plan b in sort of an impossible position. he has to get these hard right guys to go along with him. if he were to say and the president were to say we're going to pass a bill with a majority of democrats and majority of democrats in the house and senate we could get a mainst
- called fiscal cliff. the president and congress have left town for the holidays. house speaker boehner is in and obama is in hawaii. >> i'm stuck here in washington americans from showing more money to uncle sam next year. the gauche nations between white house and house speaker speaker boehner fell apart. negotiations between the white house and house eager .peaker boehner fell apart the president said that he is to working on a smaller deal avoid the fiscal cliff. >> the president is making changes when it comes to his inauguration. this time there will only be o official balls. there'll be a concert honoring .he lee terry families saturdaye held on before inauguration. out of egypt, how millions e voted on the disputed constitution. also, this cruise ship is isn't beingto italy m.rubbed from top to botto >> staring up controversy in virginia. breaking news out of egypt tonight. the constitution has received a majority of yes from more than 70%. the results were posted on the muslim's brotherhood website. was about 8ut million people. official results will not be announced for severa
. with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could be mean coal in the stocking for house speaker john boehner and the end to his two-year reign as republican leader. he's facing pressure from his own party after his plan b failure. he proposed a vote on the plan to allow taxes to go up on millionaires, but republicans had to pull it off the table after admitting they can't get it passed. foorn illustration check the latest poll, and that's what we have political editor paul stein hauser doing? >> americans are worried about the tax increases and spending cuts that will kick in at the end of the year. 7-10 questioned in our cnn/orc national poll say there would be major problems or a crisis in the country if that happens. >> part of what voters were looking for is some compromise up here. that's what folks want. >> and our poll indicates more americans want the republicans rather than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled senate and white house have no plan and have offered no plan all year
. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington on thursday. in india. growing demonstrations after a 23-yea
. >> the countdown to fiscal cliff negotiations reaches the final hour. but it's already too late for your first couple of paychecks in the new year. >> no matter what congress does to address the year- end "fiscal cliff," it's already past the deadline for employers to accurately withhold income taxes from january paychecks. this means. at first workers probably won't feel the full brunt of next year's tax increases in their january paychecks. employers are planning to withhold income taxes at the 2012 rates, at least for the first one or two paychecks of the year. things change when the internal revenue service releases income tax withholding tables for 2013. >> president barack obama and first lady michelle obama are wishing americans a merry christmas and happy holidays from hawaii. the obamas departed for their vacation last night and arrived there this morning. the president says the nation should give thanks for veterans and their families and asks americans to "say a prayer for all our troops" - including those spending the holiday in afghanistan >> authorities are saying that prosecutor
tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about g
had been serving an 18-month sentence. >>> with no deal on the fiscal cliff in sight and congress on holiday recess, president obama officially started his christmas vacation. the first family arrived in honolulu yesterday. mr. and mrs. obama and their daughters sasha and malia will spend the holiday in the president's home state of hawaii. and just to make you a little enveous, the temperature there this morning -- envious, the temperature there this morning 72 degrees. >> i am a lot envious. >>> it is a holiday tradition for the young and the young at heart. the annual christmas train garden is going on right now in baltimore county. >> wjz's sharon ja bala is there checking out the largest animated train garden in the area. good morning, sharon. >>reporter: good morning, guys. if there was any train garden that you see this year, it should be this one. it is the biggest, most elaborate train garden that i have ever seen. the details are absolutely spectacular, and we have one of the men that is behind it, bob francis, with the weiss aven
: there are only ten days remaining tothe fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations wh the president ha, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reipounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at al. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, tas will go up on all american taxpayers and hundreds of billions of dollars in automatic government spend
with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and burn the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy and later together. host: thank you for the call. so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, quite honestly, that the democrats would like to see continued disruption on the republican side. either
to avert somee end-of-year tax hikes associated with tte fiscal -3 cliff. in the next few days i've asked leaders of congress & po work towards a package that -3 prevents a tax hike on iddle class amerrcans, protects million americans and lays the groundwork for further work onn both and deficct reduction. tte remarks came after house ppeakerrjohn boehner failed to -3 pustee enoughhof his party's -&psupport to bring his "plannb" to the floor. is prooosal woold have effectively aisedd taxes only on hose americans making more thannone million & dollars a year. we had a number of our memmees who juss really didn't want to be taxes. the two ides ach left the capitollfor the christmassholidayy, bbaminn the ooher ffr inaction.. democrrts said thursday's faiiure in he house pointed to a need for more compromise by the g-o-p. house message loud and cleaa that a comprreensive solution to the looming fiscal clifffwiil need to bb a bipartisan solution. senate republican leader mitch mcconnnll saiddthe next move &pneedd to come from the president.. he
substantial snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to
for the president and house republicans to find common ground and avoid that fiscal cliff. >> i am still ready and willing to get a comprehensive package done. >> we'll continue to work our colleagues in the congress and white house on plan that will protect small businesses. >> alisyn: after a week, still at a stand still. where should the the congress go from here. >> good morning. >> alisyn: most people will consider what happened this week with john boehner's failure to bring even a vote on so-called plan b to be an embarrassment for the speaker, but you think that the g.o.p. dodged a bullet here? >> yeah, they dodged a serious bullet here in in case, when you think about it one of the most appealing quality of their brand they're principally opposed to tax increases that we don't have a revenue problem that we have a spending problem. to be on record as voting for a very anti-growth tax increase, i think, would imperil their house majority. >> and stf with just new years avenue, december 31st he. but he says actually the drop dead is the 27th to do the technicalities they have to do to pa
. it is serving them selves. >> we are talking about 80 to million of those iacted by the fiscal cliff firasco and many americans may suffer because of it i think to look at what you are saying, - congress is ashamed to bringing uncertainty to americans who rely on tax returns to put back in the economy. i am sure for a lot of these folks that money is spent to pay off bills and holidays and get breathing room. it is it heart breaking. it is true for work wealthy and americans. we talk about how the market is hating uncertainties. it is not the huggies sold. it is government. to tracey's point you have potentially 100 million americans and trillions worth of wealth waiting on government to make arbitary decision . we have rational people here trying to pay their taxs and live their lives and how can they plan rationally . trillions of dollars 15 days out. >> good americans willing to pay their fair share and government had their money for a year and they at any point back. we are looking at a potential delay. it is frustrating . they do deserve their money back. it is disgusting to me. i don't
. for many of us is a season of worry with the fiscal cliff hanging over all of us. if congress and the white house doesn't reach a deal to reduce the deficit, automatic spending cut goes into effect and taxes practically on everyone will go up come first of the year. we want to focus on the tax part of the equation and joining us is todd shownen berger, managing partner at land colt capital. todd, many people will be hit with the alternative minimum tax if no deal is struck. what exactly is is that and how will it affect me, you, everybody across the country? >> the amt, alternative minimum tax was put in place by congress, actually meant for the very wealthy of america, the very wealthy tax filers so that they were not taking full advantage of too many deductions and credits. the problem is there was never indexed for inflation so each year, congress those pass an exemption so therefore it protects middle class families. but it's part of the entire fiscal cliff negotiation, nothing has been passed. so we are looking at maybe 30 million americans, 30 million to 100 americans that could be de
't you know there was no one around to give it to. congress skedaddled when the deal on the fiscal cliff collapsed. the national rifle association's top command did stay in town to ask the question we've all been asking. >> what do we do about the tragedy of the sort that struck in newtown, connecticut? >> schieffer: but their response left gun control advocates reeling. we'll talk to the profit n.r.a., wayne keene. and we'll hear from senator mark warner of virginia, and kay bailey hutchison of texas. we'll also talk to the first black senator from the south since reconstruction, newly designated south carolina senator tim scott. plus, we'll hear from actor ben affleck on, among other things, reports he may seek the senate seat being vacated by john kerry. who has just been nominated to be the next secretary of state. >> well, one never knows. i'm not one to get into conjecture. >> schieffer: why not? we do, because this is "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning, again. we start thi
. >> the city is tied up in knots over the so-called fiscal cliff. what are the foreign policy implications? >> one of the things i always find in congress is the minute we have budgetary restrictions -- before we even knew the word cliff with regard to this -- makes great rhetoric or demagoguery to say, we need money for at home. we do not need money for around the world. it always gets applause and it is great. but the truth is that the united states needs to be engaged around the world because we are the world power. we are a superpower, and we have interests. foreign aid, all it does other countries could, also does as good. -- although it does other countries good, it also does us good. i worry about -- if you take foreign aid that is less than 1% of the u.s. budget, if he did a survey amongst the population, i think it is 15% -- they think it is 15% and should be cut. if we start cutting foreign aid, cutting security for our diplomats around the world, being penalized and pound foolish, i think as a world power we need to maintain a robust foreign policy and make sure our people are p
already. the fiscal cliff. it's not a cliff. it's a metaphor that refers to two single acts of congress signed by the president. spending cuts and tax hikes that can be easily changed as they were created. so enough already about a cliff. okay. capitalist of the year, pat? >> french actor gerald depardo. he flees from france to belgium to avoid the income tax. gives up his citizen shap. mort, you ought to take a look at that example. he fled the country. >> i will get back to you. >> mayor bloomberg, who put $250,000 into the maryland same-sex marriage campaign which succeeded. also, he used his money to defeat a pro-gun democratic in california. money well spent by the mayor of new york. >> fed chairman bernanke who saved the financial system which is at the core of capitalism. >> beautifully stated. >> jim demint from his move from the senate to the heritage foundation. i want to tell you mr. capitalist. >> with that salary? capitalist of the year mark zuckerman. for his $200 million contribution to columbia university for their institute for the mind and the brain. congratulations, m
, appreciate it. >>> as john mentioned, the looming fiscal cliff is now just nine days away, is on the minds of many shoppers tonight. and today, as the president and congress began their christmas vacations, we got a rare inside look at the bare-knuckle, behind the scenes negotiations and abc's david kerley is at the white house tonight. david, good evening to you. >> reporter: good evening to you, dan. it's already vacation mode for everybody in congress and the guy who usually is in the house behind me. the first family arrived in the dark, but woke up to paradise for the holidays. however, the president may not stay because he didn't get his wish -- a deal with congress. members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. but he left a video behind. >> washington has a serious spending problem. >> reporter: which played in the capitol tonight would echo through the empty halls. >> the president's solution of raising taxes -- >> reporter: the republican leader of the senate took a holiday swipe at
very much. >>> and to washington now, with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could mean coal in the stocking for house speaker john boehner and also mean the end in his two-year rein. he is facing pressure after his plan "b" failure. he proposed a plan, but republicans had to pull it off the table after admitting they just couldn't get it passed. >>> for an illustration of the pressure facing john boehner, check the latest polls. that's what we have political reporter john steinhauser for. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these loomi
.m. eastern in light of congress discussing the so-called fiscal cliff, booktv highlights a few programs about economics. michael j. sandell, george w. bush, steve forbes all weigh in. and then at 9 p.m. craig whitney sits down with the former president of the brady campaign to prevent gun violence to discuss his book "living with guns: a liberal's case for the second amendment." watch these programs and more all weekend long on booktv. for a complete schedule, visit booktv.org. >>
the fiscal cliff. >> from your lips to god's ears, thanks very much. mohammed al arian. mark zandy and christine romans. as long as congress does not trip us up, we're on the way to an economic renaissance in our country. >>> we are on the road to an economic renaissance. i want to you think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination, the economy right now, that's warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy grew by an annual rate of 3.1 over the summer, more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growth and more americans are spending their money to buy a home, pushing prices upward across the country. the median price of an existing home shot up 10.1% in november year-over-year. we've seen home values rise six months in a row as more americans get back to work and take advantage of those low mortgage rates. bottom line here -- our runner, the u.s. econo
the fiscal cliff. off of what we just learned from the congress men, we're going over this thing. >> look with the failure of plan b this week, there are only two options, we're either going over the fiscal cliff, or the house is ultimately going to have to pass a bill that a majority of house republicans oppose. we all agree the most significant thing we heard was that from congressman latourette john boehner was not necessarily wed to what is known as the hastert rule, the informal rule that says leadership will not bring a bill to the floor that not only has support from a jorty overall but a majority of majority. that's pretty clear after last week. either we're going over the cliff or they have to pass a bill through the house with democratic votes. >> i thought we were going to have a deal, maybe a small deal, not big deal. i don't think that anymore after this morning. it is more likely we're going over the cliff and the calculation is that the effect of doing that, the effect on the economy, the effect on the sense that washington can't govern itself is not so devastating that is
think it will be a while. >> speaking of which, wither teetering on the brink of the fiscal cliff. where do we actually go from here? >> i couldn't find a soul in washington to tell me the answer to that question. >> oh, dear. >> it looks like -- i have said all along, congress always pushes right up against a deadline. they are like reporters. they take every last second they possibly can get before they deliver. the fact of the matter is i don't believe that anymore. i talk to more and more people that democrats saying republicans want to go off the fiscal deliver and republicans saying the president wants to go off the fiscal cliff. so, i think it's quite possible we will, although it's not going to be catastrophic the first day. so i think -- it will take past the first of the year for them to actually come one something. and i think they will come up with something before the economy just turns to disaster. >> perhaps it is nice we all go off the cliff together. john boehner, the implosion of plan b seems hugely tough for him to get over. account president actually negotiate with bo
with the celebrating because congress is on a holiday break. the fiscal cliff deadline is still looming. hi, everybody. here we are. great to have you here. >> this is a brand-new hour of "america's news headquarters." as jaime said, lawmakers expect to return after christmas back to dc. they are thinking of getting back on thursday. that just gives them a few days to work on a deal to try to help the nation to try to avoid an economic crisis from this so-called fiscal cliff. some say no deal is what the country needs to cut spending and raise taxes. what will happen? national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> whe
the deal on the fiscal cliff collapsed. the national rifle association's top command did stay in town to ask the question we've all been asking. >> what do we do about the tragedy of the sort that struck in newtown, connecticut? >> schieffer: but their response left gun control advocates
another washington story. we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats and the senate are saying the chances of that big debt reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> president obama attended the burial today of daniel inouhe. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. he was the first japanese american elected to both houses of congress, the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are worried about the nightmare after christmas. two new storms are moving in. we'll get the forecast in i minute, but first the mess the weather is already creating. >> report
republican colleagues, by refusing to go along with revenues, are risking the fiscal cliff. >> there will not be a big deal. the chance for a big deal is with the debt ceiling. that is one of will have leverage to turn the country around. >> president obama urged congress to get a deal done when they returned from christmas break. president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a houston hospital. the 88-year-old former president has been hospitalized since november undergoing treatment for bronchitis. doctors are opportunistic he will make a full recovery. they said today he still needs to build up strength before they can release him. no discharge date has been set . >> it looks like the weather will be active as we head into the holiday week. just a few scattered clouds right now. when we tu
. that doesn't mean they don't have work to do as the fiscal cliff looms. i take it this is a working vacation. >> reporter: white house officials have described this as a working vacation and talks are going on behind the scenes between white house staffers and hill staffers. the reality is the bulk of this probably won't get done until after christmas when lawmakers are expected to resume negotiations. there is a lot of frustration especially among senior members in both parties in part because president obama, house speaker john boehner seem so close to getting a deal done. they were really close on taxes and entitlement reform. we saw that last week house speaker john boehner couldn't get his plan b through the house. aides tell me right now president obama does not feel as though he has to compromise much more. he believes he has the leverage because he won reelection. >> on taxes i know it is hard for the republicans but the president ran on that platform. 250. no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some repu
in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a r r r r r r r >> a scathing report this week blames systemic failures in leadership and management deficiencies at the state department for inadequate security at the u.s. consulate in benghazi before the september 11th attack that killed ambassador chris stevens and three other americans. in testimony before congress this week, two top advisors to secretary of state hillary clinton vowed to do better and to improve security at u.s. diplomatic posts around the world. clinton herself was s
cliff and no deal in sight with the president and congress home for the holidays, today key senators from both sides weigh in on the prospects of ayn greem before new year's. >> you know, if you look at the final positions last monday of both the president and speaker boehner, they were this close. they were this close to a solution. >> if he were to say and the president were to say we're going to pass a bill, with a majority of democrats and majority of republicans in the house and senate, we could get a mainstream bill. >> if you want leaders, you have to lead. the president's been a pathetic fiscal leader. he's produced three budgets and can't get one vote for any of them. boehner will be tip o'neill, obama needs to be reagan. i would vote for revenues including tax rate hikes, even though i don't like them, to stave country from becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. whi
? >> malcom a discussion about congress and the status of the fiscal cliff legislation. this is from today's "washington journal." host: our sunday roundtable from last week is back this week with renewed clarity on the fiscal cliff. at least, we think so. what happens? guest: maybe they will get enough so they can cancel enough of the sequestered -- sequester. my guess is that we are going over the cliff. host: to w weeks ago, you gave its of the 5% that we would go over the cliff. what about today? host: i would sit close to 90%. the mentality is that they do not need to do it by december 31. the short-term damage will be very small. they have got three weeks in january until this starts, so is not as much of a cliff as people were saying just a few days ago. host: are we going over the cliff? host: -- guest: you do not have major economic effects on paychecks. it is going to take a couple of weeks for that to start happening, so i think, you know, you have a brief one or two-week window, where if they got something done, it would have been a political stretch but not a major economic on
thank you. there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buse
. >> good morning. the fiscal cliff is on hold while congress is out on the holiday. lawmakers are out doing that. what's it going to take to get something done? >> it's going to have to be a smaller deal. the president is proposing something that's a bit more on his terms where you get an extension of the tax cuts. wealthy americans would pay more. you might put off some of the spending cuts that are automatically supposed to go into effect january 1st. extension of unemployment insurance for those still looking for work. and what's a little vaguer about that is what you do about some of thee bigger questions. kicks the can down the road, which is what washington's been so expert at over the past couple of days. the reality is, white house doesn't think it's got a partner in the republicans to negotiate with. it's gonna need a shorter term smaller deal just to get through january 1st. this debate is not gonna go away. >> senator john kerry, likely that he will have an easy way o problems with getting in and confirmed? >> i think it's going to be a pretty easy ride for him. susan right is th
of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with this, but it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflecte
dysfunction. fiscal cliff talks have completely collapsed. questions about the president's new national security team forced him to announce the appointments piecemeal and the nra's first response to the tragedy in newtown provoked a fierce debate and we'll cover that starting withnra's choice to lead a national effort to protect school former congressman, asa hutchinson. good morning, mr. hutchinson. thanks for joining us this morning. >> hi. >> you emphasize at the press conference friday you will be independent. but as you begin your effort this national school shield initiative, i wonder if you agree with the analysis of the problem laid out by wayne lapierre and says americans have to face this truth. take a look. >> politicians pass laws for gun-free school zones and in doing so, they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> do you personally believe, congressman, that gun-free school zones have been invitations to mayhem and is the only way to stop a bad guy with a gun is a good guy with a gun? >> well,
the fiscal cliff coming up. there are going to be things in that bill that i'm not going to like. there are going to be a lot of things that the republicans don't like. but if we're supposed to do our job for the country, that means we have to take that vote, and i will take that vote because i do not want to see our country go down. i want to see us go forward and get jobs. >> we have time for one more. "so was there not a piece of legislation and brought to the floor for a vote between 2009? and >> are members are very courageous and they will walk the plank on and a tough vote, but i want them to do that on something that will become law. yes, it is a tough vote, a very complicated, complex issue. it is something that many of us had been fighting for in the particulars of this and in personal lives as well. it was a very high priority for us. let's just say money. big money out there on the sides of those who would not be opposed. by the way, i do not paint all hunters with the same brush. i think this gives hunters a bad name. it is undeserved. many of them think it should be
-- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we sho
to retire. do you think they're going to get past this fiscal cliff? >> i do. i have an abiding faith that we will not leave-- and this is going to take presidential leadership, hands-on leadership-- it's going to take both houses of congress, and everyone to realize we can't let taxes go up on working people in this country, and the bush tax cuts are tax cuts that did help our economy in the beginning. we are in the doldrums now because of the debt and the deficits that are dragging down our economy, as well as the over-regulation of small business. i think we've got to do something to do a patch now, which, clearly, on december 27, when mark warner and i go back, it is going to be a patch because in four days, we can't solve everything. >> schieffer: let me ask-- >> but i think we need to stop this fiscal cliff at a reasonable if salary level and then start working on the spending cuts. >> schieffer: about 30 seconds, senator. will there be a small deal? >> i think there's going to, unfortunately, be only a small deal. unless we get to dpowrl trillion, we're just kick the hand. we t
the president is taking a little vacation and leaving the fiscal cliff behind, but probably not for long. we expect shortly after the christmas holiday with his family here the president is expected to head back to washington to work with congress to try in the final days. about that. he got in a golf game yesterday to dinner with the first lady. a little downtime. but then as you noted today he will be honoring the long service, the long life of the senator from hawaii. a half century in the senate, but a medal of honor winner on the battlefield in world war ii where he lost an arm. they are going to be at the national memorial cemetery of the pacific at punch bowl where the senator will be laid to rest. the president on friday at the washington national cathedral said he was inspired as a young boy when he saw the senator at the watergate hearings. take a listen. >> i learned how our democracy was supposed to work. our government of and by and for the people. we have a system of government where nobody is above the law. we have an obligation to hold everybody accountable from the average c
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